Verus Financial Partners Inc. Sells 105 Shares of American Electric Power Company, Inc. $AEP

Verus Financial Partners Inc. trimmed its stake in American Electric Power Company, Inc. (NASDAQ:AEP) by 4.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,144 shares of the company’s stock after selling 105 shares during the period. Verus Financial Partners Inc.’s holdings in American Electric Power were worth $225,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Clarius Group LLC lifted its stake in shares of American Electric Power by 2.5% in the 1st quarter. Clarius Group LLC now owns 3,966 shares of the company’s stock valued at $433,000 after purchasing an additional 95 shares during the last quarter. McIlrath & Eck LLC lifted its stake in shares of American Electric Power by 3.2% in the 1st quarter. McIlrath & Eck LLC now owns 3,147 shares of the company’s stock valued at $344,000 after purchasing an additional 99 shares during the last quarter. Personal CFO Solutions LLC lifted its stake in shares of American Electric Power by 3.2% in the 1st quarter. Personal CFO Solutions LLC now owns 3,369 shares of the company’s stock valued at $368,000 after purchasing an additional 103 shares during the last quarter. McGlone Suttner Wealth Management Inc. lifted its stake in shares of American Electric Power by 1.8% in the 2nd quarter. McGlone Suttner Wealth Management Inc. now owns 5,898 shares of the company’s stock valued at $612,000 after purchasing an additional 104 shares during the last quarter. Finally, Strategic Blueprint LLC lifted its stake in shares of American Electric Power by 0.4% in the 1st quarter. Strategic Blueprint LLC now owns 24,552 shares of the company’s stock valued at $2,683,000 after purchasing an additional 108 shares during the last quarter. 75.24% of the stock is owned by institutional investors.

Insider Buying and Selling

In other American Electric Power news, Director Benjamin G. S. Fowke III sold 5,000 shares of the firm’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $108.65, for a total transaction of $543,250.00. Following the transaction, the director directly owned 40,898 shares in the company, valued at $4,443,567.70. This trade represents a 10.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.07% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AEP. Mizuho reduced their price target on American Electric Power from $116.00 to $113.00 and set a “neutral” rating on the stock in a report on Tuesday, September 16th. Raymond James Financial reiterated an “outperform” rating and issued a $122.00 price target (up from $115.00) on shares of American Electric Power in a report on Thursday, July 31st. Barclays increased their price target on American Electric Power from $105.00 to $111.00 and gave the stock an “equal weight” rating in a report on Friday, August 1st. Scotiabank increased their price target on American Electric Power from $102.00 to $114.00 and gave the stock a “sector perform” rating in a report on Thursday, July 31st. Finally, LADENBURG THALM/SH SH reduced their price target on American Electric Power from $112.00 to $108.50 and set a “neutral” rating on the stock in a report on Wednesday, September 10th. Five investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $111.63.

American Electric Power Trading Up 0.6%

AEP opened at $113.46 on Friday. The stock’s fifty day moving average is $110.78 and its two-hundred day moving average is $106.64. The company has a market capitalization of $60.68 billion, a P/E ratio of 16.59, a PEG ratio of 2.98 and a beta of 0.48. American Electric Power Company, Inc. has a 52 week low of $89.91 and a 52 week high of $115.36. The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 1.33.

American Electric Power (NASDAQ:AEP) last released its quarterly earnings data on Wednesday, July 30th. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.27 by $0.16. The company had revenue of $5.09 billion for the quarter, compared to the consensus estimate of $4.85 billion. American Electric Power had a return on equity of 11.55% and a net margin of 17.68%.American Electric Power’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period last year, the business posted $1.25 EPS. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. Analysts forecast that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were issued a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 3.3%. The ex-dividend date was Friday, August 8th. American Electric Power’s dividend payout ratio (DPR) is presently 54.39%.

About American Electric Power

American Electric Power Company, Inc, an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments.